Financial Dysfunction and Divorce
Posted by Carlie Berke, CDFA®
February 21, 2019
It would come as no surprise that financial dysfunction in marriages is a common catalyst to why couples divorce. A recent article was published by Robert Ossers of Source Financial Advisors titled Financial Marriage Counseling.
“First and foremost, I see firsthand now that one of the leading factors attributable to the high divorce rate in this country is related to the management of household finances. While here are a ton of articles on how to plan for divorce, things to gather, how to overcome it and how to make certain that it is equitable, what is surprising is there is so much less on the way into a marriage or for long-time married couples or couples, which I will call “financially dysfunctional,” to create a plan and have an open dialogue around the dreaded topic of money.”
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You may need to work with a team of people willing to help you as you navigate the many many transitions that your divorce will require.
Try to be the best co-parent you can be for the best interests of your children, especially during the holiday season.
Credit is something often overlooked and needs to be protected in a divorce.
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